The board and board appointed committees

The Northam board is diverse, consisting of 13 members. A total of 23% of our board members hold engineering degrees, 38% are chartered accountants (SA) and the balance have relevant experience in corporate finance, mergers and acquisitions and other associated and requisite disciplines. Six board members, including our chief executive officer (CEO), have extensive exposure and experience as CEOs.

Board demographics

Board demographics [graph]
 

Tenure

Tenure [graph]
 



Gender diversity

Female
31%

4

Gender diversity female [icon]
Male
69%

9

Gender diversity male [icon]
Northam target for female
board representation: 20%
 

Age diversity

Oldest
member

74

Age diversity oldest [icon]
Youngest
member

39

Age diversity youngest [icon]
Average age of 56
62% under the age of 60
 



Governance structure

Board of directors
Non-executive directors: Executive directors: Independent non-executive directors:
KB Mosehla
(non-executive chairman)
PA Dunne
(chief executive officer)
AH Coetzee
(chief financial officer)
R Havenstein (lead independent)
DH Brown
CK Chabedi
HH Hickey
Dr NY Jekwa
JJ Nel
MH Jonas
TE Kgosi
TI Mvusi
JG Smithies

Board committees
Audit and risk committee Health, safety and environmental committee (HSE)
HH Hickey
(chairman)
DH Brown
Dr NY Jekwa
JJ Nel
R Havenstein
(chairman)
CK Chabedi
PA Dunne
JG Smithies
By invitation:
Management
Internal audit
External audit
By invitation:
Management

Investment committee: Nomination committee:
DH Brown
(chairman)
CK Chabedi
R Havenstein
KB Mosehla
R Havenstein
(chairman)
TE Kgosi
KB Mosehla
By invitation:
Management
By invitation:
Management

Social, ethics, human resources and transformation committee (SEHR&T)
TE Kgosi
(chairperson)
CK Chabedi
Dr NY Jekwa
By invitation:
Management

Directorate and management

KB Mosehla [photo]

KB Mosehla (47)

Chairman, non-executive director

CA (SA)

Appointed to the board in August 2015 (3.9 years)

Other directorships: Chief executive of Mosomo Investment Holdings Proprietary Limited, nonexecutive director of Malundi Resources (RF) Proprietary Limited, MC Mining Limited and Tembisa Provincial Teriary Hospital. Mr Mosehla is chairman of Zambezi Platinum (RF) Limited (Zambezi Platinum) and has a 10% indirect interest in SMS Mining Holdings Proprietary Limited, a contractor to Northam.

Experience: Former executive director of Mvelaphanda Holdings Proprietary Limited.

Expertise: Finance

R Havenstein [photo]

R Havenstein (63)

Lead independent non-executive director

MSc (Chemical Engineering), BCom

Appointed to the board in July 2003 (16 years)

Other directorships: Independent non-executive director of Murray and Roberts Holdings Limited, chairman of Omnia Holdings Limited.

Experience: Former CEO of Anglo American Platinum Limited. Former executive director of Sasol Limited, responsible for Sasol Chemical Industries.

Expertise: Mining (with PGMs focus)

DH Brown [photo]

DH Brown (57)

Independent non-executive director

CA (SA)

Appointed to the board in November 2017 (1.6 years)

Other directorships: Chief executive officer of MC Mining Limited, independent non-executive director of Vodacom Group Limited, and Resilient Reit Limited.

Experience: Former non-executive director of Edcon Holdings Limited and CEO of Impala Platinum Holdings Limited (Implats). Worked in the information technology sector for four years and for the Exxon Mobil Corporation in Europe for five.

Expertise: Mining (with PGMs focus), M&A and finance

CK Chabedi [photo]

CK Chabedi (51)

Independent non-executive director

MSc (Mining Engineering), Pr. Eng, MDP, MSAIMM

Appointed to the board in June 2009 (10 years)

Experience: Over 25 years’ experience in mining and is currently a senior lecturer at the School of Mining Engineering at the University of the Witwatersrand. Mr Chabedi is a former non-executive director of Mvelaphanda Resources Limited. His mining experience includes over 12 years in both opencast and underground mines. He also has over 12 years’ experience in academia.

Expertise: Mining

AH Coetzee [photo]

AH Coetzee (39)

Chief financial officer

CA (SA)

Appointed to the board in November 2018 (0.7 years)

Other directorships: Non-executive director of Zambezi Platinum.

Experience: Former associate director at EY.

Expertise: Finance, audit and risk management

PA Dunne [photo]

PA Dunne (56)

Chief executive officer

BSc (Hons), MBA

Appointed to the board in March 2014 (5.3 years)

Other directorships: Non-executive director of Zambezi Platinum.

Experience: Former executive director at Implats, responsible for all mining, concentrating and smelting operations at the group’s Rustenburg and Marula mines.

Expertise: Mining (with PGMs focus)

HH Hickey [photo]

HH Hickey (65)

Independent non-executive director

CA (SA)

Appointed to the board in January 2016 (3.5 years)

Other directorships: Independent non-executive director of African Dawn Capital Limited, Barloworld Limited, Cashbuild Limited and Pan African Resources Plc.

Experience: Former chairman of the South African Institute of Chartered Accountants.

Expertise: Finance, audit, risk management and governance at large, listed entities.

Dr NY Jekwa [photo]

Dr NY Jekwa (44)

Independent non-executive director

MBA (Finance), MBBCh (Bachelor of Medicine and Bachelor of Surgery), MIoDSA

Appointed to the board in November 2017 (1.6 years)

Other directorships: Independent non-executive director of Ascendis Health Ltd.

Experience: Former director at Coast2Coast and held senior positions in corporate finance and M&A at Nedbank Corporate and Investment Bank and Rand Merchant Bank.

Expertise: Finance and M&A

MH Jonas [photo]

MH Jonas (59)

Independent non-executive director

BA (History and Sociology)

Appointed to the board in November 2018 (0.7 years)

Other directorships: Chairman elect of the MTN Group Limited and independent non-executive director of Sygnia Limited.

Experience: One of four independent presidential investment envoys, appointed by President Cyril Ramaphosa to attract investors to South Africa. Former deputy finance minister of the Government of South Africa from 2014 to 2017 and member of the National Assembly until April 2017. Former chairman and non-executive director of the Public Investment Corporation.

Expertise: Finance

TE Kgosi [photo]

TE Kgosi (65)

Independent non-executive director

BCom (Hons)

Appointed to the board in November 2004 (14.7 years)

Experience: Former cluster manager – materials management (Gauteng and North West operating units) in supply chain operations, Eskom SOC Limited. Extensive experience in the banking sector (specialising in treasury), having held positions at a number of South Africa’s main banking groups as well as Credit Suisse First Boston (NY).

Expertise: Finance

TI Mvusi [photo]

TI Mvusi (63)

Independent non-executive director

BA, ELP, MAP, PDP

Appointed to the board in January 2016 (3.5 years)

Other directorships: Chief executive: Group market development at Sanlam Limited (Sanlam) and acting CEO of Sanlam Corporate, non-executive director of Umso Construction Proprietary Limited.

Experience: Served on the board of Sanlam since 2009. Former general manager of Gensec Property Services Limited and marketing manager at Franklin and Templeton Asset Management.

Expertise: Finance and investment management

JJ Nel [photo]

JJ Nel (47)

Independent non-executive director

CA (SA), CFA (AIMR), AMP (INSEAD)

Appointed to the board in November 2018 (0.7 years)

Other directorships: Non-executive director of DRDGOLD Limited, non-executive director of Mimosa Holdings Proprietary Limited and Mimosa Investment Limited (owner of Mimosa Platinum mine in Zimbabwe).

Experience: Former divisional CEO for Sibanye- Stillwater Limited (Sibanye-Stillwater), heading the PGM division of Sibanye-Stillwater following the acquisition of Aquarius Platinum Limited (Aquarius) in 2016. Former CEO of Aquarius from 2012 to 2016.

Expertise: Mining (with PGMs focus) and finance

JG Smithies [photo]

JG Smithies (74)

Independent non-executive director

BSc (Mining Engineering), BSc (Chemistry)

Appointed to the board in January 2017 (2.5 years)

Experience: Former director of operations and CEO of Implats.

Expertise: Mining (with PGMs focus)

Board and committee meetings

The board and its committees meet at least once a quarter; ad hoc meetings may also be called to consider specific issues. The investment committee and the nomination committee meet as and when required, which may be more or less than four times a year. All directors are required to declare their directorships and interests. At each board and committee meeting they are requested to declare any conflict of interest in matters pending.